Temperature Controlled Packaging Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCPG2793 | Last Updated On: Jun 22 2022 | Available Formats

> Global Temperature Controlled Packaging Market Expected to reach a high CAGR 9.3% during the forecast period 2022-2029: DataM Intelligence

Global Temperature Controlled Packaging Market is segmented By Type (Insulated Pallet, Insulated Envelopes, Breathable Air Cover, Rollcage Cover, Insulated Shippers, Insulated Containers, Refrigerants, Others), By Product (Active Systems, Passive Systems), By Application (Perishable Goods Delivery, Cold Chain Stock, Cold Chain Airfreight, Clinical Supply Chain, Others), By End-user (Food & Beverage, Healthcare, Chemicals, Biothermal, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Temperature Controlled Packaging Market is expected to grow at a high CAGR 9.3% during the forecasting period (2022-2029).

Temperature-controlled packaging plays a vital role in keeping safe all kinds of goods such as perishable foods to pharmaceuticals. It is made from insulating materials such as textiles, styrofoam, plastic, phase change materials such as refrigerant gel packs, along with it consists heating elements such as powered heating blankets and induction drum heaters.

Temperature controlled packaging is a fully optimized solution with volume efficiency, simple packing, reduced inventory needs and reduced lower distribution costs to protect valuable, critical goods such as pharmaceuticals, diagnostics/clinical trials, perishable goods, frozen foods, tissue, vaccines and blood supplies around the world.

 

Market Dynamics

The global temperature controlled packaging is driven by the rising demand for transportation of pharmaceutical medicines, drugs and clinical trial distribution products, tissue, vaccines, donor organs, blood transfers around the globe. Further growing consumption of the frozen perishable food products with growing utilization of cold chain warehouse and transportation systems.

Growing demand for transportation of the pharmaceutical medicines, drugs and clinical trial distribution products, tissue, vaccines, donor organs, blood transfers around the globe

The market is driven by rising demand for the transportation of pharmaceutical medicines, drugs and clinical trial distribution products, tissue, vaccines, donor organs, blood transfers around the globe. Rising pharmaceutical spending around the globe due to the increasing prevalence of infectious and chronic ailments drives the temperature-controlled packaging market.

As per the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) in 2017, the global pharmaceutical market reached around US$ 1,430 billion in 2020 with the highest contribution of the developed countries. It created a massive demand for the temperature controlled packaging market for transportation of pharma drugs.

Rising demand for perishable frozen food products with growing utilization of cold chain warehouse and transportation systems

Increasing demand for frozen food around the globe with growing utilization of cold chain warehouse and transportation systems with the surge in the global population. As per the Global Cold Chain Alliance (GCCA) in 2018, the total capacity of refrigerated warehouses around the globe was reached around 616 million cubic meters increased by 2.67% as compared to 2017. It created a massive demand for the temperature-controlled packaging market.

Growing launching of the eco-friendly packaging by the leading players due to strict rules and regulations for plastic usage

The growing launching of eco-friendly packaging for transportation of perishable goods, pharmaceutical medicines, drugs, etc may create a huge opportunity for temperature-controlled packaging. For instance, on 22nd October 2020, Softbox launched Tempcell ECO eco-friendly packaging solution for the life science, cold chain pharma and cold chain logistics industries in the United States.

COVID-19 Impact Analysis

The global temperature-controlled packaging market demand has been increased slightly during the Covid-19 pandemic owing to rising demand for the transportation of the pharma drugs require for the treatment of the Covid-19. Temperature controlled packaging provides safe transfer of the required pharma products, perishable goods to avoid spoilage. Several leading players have taken initiative for helping the covid-19 infected patients by providing advanced technology material based temperature-controlled packaging.

For instance, FedEx Express facilitated temperature controlled packaging for transportation of vaccines, surgical implants, numerous medical and healthcare products derived from biological sources in the Middle East, Indian Subcontinent and Africa. As the demand for temperature controlled packaging has been increased for specimen collection and tranfer of the Covid-19 patients.

Segment Analysis

The global temperature controlled packaging market is segmented based on type, product, application, end-user and region.

Rising launching of the new and innovative solutions to address the temperature-controlled shipping require for commercial pharmaceuticals by the leading players

In terms of type, the global temperature-controlled packaging market is bifurcated insulated pallet, insulated envelopes, breathable air cover, roll cage cover, insulated shippers, insulated containers, refrigerants and others. Among these, insulated containers has the highest market share in 2019, owing to its rising launching of the reusable, new and innovative insulator for transportation of the commercial pharmaceuticals by leading players. For instance, on 3rd Dec 2019, CSafe launched the high-performing AcuTemp Plus Series by expanding cold chain offerings for the cell and gene therapy market with the launch of high-performing of temperature-controlled packaging.

Similarly, insulated pallet, insulated envelopes, breathable air cover, roll cage cover, insulated shippers, insulated containers, refrigerants segments are also growing due to increasing adoption and launching of the recyclable temperature-controlled packaging of the wide range of the products such as insulator insulated envelopes, breathable air cover, roll cage cover, insulated shippers, insulated containers range. For instance, on 22nd May 2019, Kite Company launched a recyclable temperature-controlled packaging range that includes five different products such as new insulated box liners, pallets, gel packs, temperature-controlled pouches and envelopes. These products are 100% recyclable made from Kraft paper and the internal layer is made up of 100% biodegradable starch-based loose fill which preserves maintain the temperature in the in-the-box.

The active system segment has the highest demand for commercial air freight transportation of the pharmaceutical, frozen foods, perishable goods

In terms of product, the global temperature controlled packaging market is classified as the active system and passive system. Among these, the active system has the highest share due to rising demand by the air cargo transportation with the rising expansion of the cold storage capacity by the leading players. For instance, on 21st Feb 2020, Mumbai International Airport Ltd (MIAL) made a joint venture with the Airports Authority of India and GVK to launch the world's largest airport-based temperature-controlled facility for processing food, storage of agro and pharma products. The facility of 'Export Cold Zone' has the capacity of holding over 700 tonnes of such cargo at one time with a combined annual capacity of 0.52 million tonnes

Rising demand for the import-export activities of the perishable goods, pharma products around the globe

Based on application, the global temperature controlled packaging market is divided into Perishable goods delivery, Cold Chain Stock, Cold Chain Airfreight, Clinical Supply Chain and others. Among these rising import and export activities of the perishable goods, clinical supply and pharmaceutical drugs. For instance, as per the United Nations Conference on Trade and Development in 2018, world trade of the import and export activities of the goods was valued at around US$ 19 trillion. It created a huge demand for temperature-controlled packaging for transportation of the goods from one country to another.

Growing demand for processed food for with surge in the global population has impelled the growth of food and beverages segmental growth around the globe

Based on the end-user, the global temperature-controlled packaging is segmented into food & beverage, healthcare, chemicals, biothermal and others. Among these, the food & beverages segment has the highest market share in 2019, due to rising demand for the food processing industries with the surge in the global demford for frozen foods around the globe. As per the Cold chain Federation Organization in 2019, England, Scotland, Wales and Northern Ireland has over 450 over 30,000 cold stores for food storage.

Geographical Analysis

North America region holds the largest market share global Temperature Controlled Packaging market

North America region is dominating the global temperature controlled packaging market and accounted for the largest market share in 2019, due to the presence of leading manufacturers of pharmaceuticals which propels the demand for the transportation of medicines using temperature controlled packaging followed by Europe and Asia-Pacific.

As per the IFPMA in 2018, North America accounted for around 48.9% of the world’s total pharmaceutical sales compared to 23.2% of Europe. According to IQVIA (MIDAS May 2019) in between 2013-2018, around 65.2% of sales of new medicines launched on the United States market, compared with 17.7% on the European market. It created a massive demand for temperature-controlled packaging in North America and the European market followed by Asia-Pacific.

Further in Europe, demand for temperature-controlled packaging increased for frozen food. According to the Cold Chain Federation Organization, in the United Kingdom, the frozen food industry was valued at around US$ 10 billion whereas the chilled processed food industry exceeds around US$ 15 billion. It created a massive demand for temperature-controlled packaging in this region for frozen and processed food.

Similarly, the Asia-Pacific region is also growing at a faster pace owing to the rising cold storage capacity for frozen perishable foods. For instance, in 2018, India was the having the largest cold storage capacity of around 150 million cubic meters, followed by the United States at 131 million cubic meters, and China at 105 million cubic meters. It created a massive demand for the temperature-controlled packaging market in this region.

Competitive Landscape

The temperature-controlled packaging market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include FedEx Corp., AmerisourceBergen Corp., Cold Chain Technologies, Inc., Tempack and Cropak, Testo SE & Co., Olympus Corporation, Deutsche Post AG (DHL), Sofrigram SA Ltd., ACH Foam Technologies, LLC, Pelican BioThermal LLC, Sonoco Products Company, WIKA Alexander Wiegand SE & Co. KG, ILLIG Maschinenbau GmbH & Co. KG, KIMO and among others.

The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Temperature Controlled Packaging market globally. For instance, on 9th Nov 2016, AmerisourceBergen Corp the world’s leader in speciality logistics and Courier has launched a lighter, more robust thermal packaging solution. The thermal pallet shipper reduces transport costs and maintains temperature up to 40 per cent longer than comparable products.

Deutsche Post AG (DHL)

Overview: Deutsche Post AG (DHL) was founded in 1995 and is based in Bonn, Germany. The Company is a leading German multinational package delivery and supply chain management. It is the largest courier company in the world.

Product Portfolio: The company has a diverse product portfolio of temperature-controlled packaging includes:

  • Ambient Non-Insulated solution: For the shipment of non-temperature controlled UN 3373 Biological Substances, Category B.
  • Ambient Insulated: For the shipments of temperature controlled UN3373 Biological Substances, Category B. An additional insulated liner for ambient temperature shipments more protection against changes in outside temperature. Dimensions: 23.5 x 19.4 x 12.1 cm
  • Controlled room temperature solutions in three sizes: The boxes are available in Small, Medium and Large sizes and are supplied with different sized Pharmacool Cassettes. Handling instructions for summer and winter temperature profiles are provided to allow for correct preconditioning of the Pharmacol Cassettes.
    • Small: 1 x Outer Carton, 1 x EPS Insulated Cooler, 6 x 1350g Pharmacool Cassettes, 1 x Product Carton, 47.5 x 44.0 x 37.0 cm, Temperature 15º to 25º C for 72 hours
    • Medium: 56.4 x 51.4 x 43.5 cm
    • Large: 63.2 x 53.2 x 50.5 cm

Key Developments: On 21st July 2020, DHL global leading package delivery and supply chain company invested in the first temperature-controlled facility in India with varying temperatures up to -20̊ C, to meet the stringent needs of pharmaceutical shipments.

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